Deals

Bisnow, the commercial real estate media startup that produces nearly 300 live events across North America, has been acquired by The Wicks Group, a New York-based private equity firm, both parties announced today. Terms of the transaction were not disclosed, but Fortune reports that Wicks paid about $50 million for the acquisition.

Founded in 2005 and known for often injecting a self-aware, slightly irreverant tone atypical of trade media into its events and publications—the company’s slogan is “(Almost) Never Boring”—Bisnow has spent the last decade growing from a digital newsletter to a leading player in commercial real estate media, attracting over 400,000 unique web visitors each month and 60,000 attendees to its various events throughout the year, according to the company.

Around 60% of suppliers to the UK’s event industry are facing collapse within three months unless event businesses receive further support from the government. Of those businesses, 6% said they are unlikely to make it to the end of April.